NCC Group plc (NCC) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

welcome everybody and good morning and welcome to this third quarter earnings call for the ncc group and i'm thomas carson the ceo and with me here i have our cfo susan litander And I will start this presentation by summarizing the quarter like this. We have a very strong EBIT growth in the quarter, 15% plus compared to last year. Driven by two things, all-time high profit in industry, we're really happy about that, 461 million in profit for industry. but also solid development in the contracting business with EBIT margin about 3% at this quarter. So current earnings are in very good shape and we're also really happy about the large number of early involvement projects that we have and that we have won during the quarter and I will get into more details about that. But currently we have Approximately 40 projects with an estimated volume of above 500 million SEK. Overall, a good quarter now, but also a positive outlook through our early involvement projects. Earnings quarter on quarter developing like this, 7, 6, 7 in the quarter comparing to the same quarter last year. It's a clear improvement. And then it's also important to remember that we had a small profit from property development in the third quarter 2024. And this year we have a small loss, mainly driven by the exit from the Norwegian property development market. So growing earnings. Orders received stable, but what's more important is the early involvement projects that over time will convert into orders. And this is in line with what we've been working with in all business areas, working together with our customers in earlier phases and developing projects together with them. Normally, we don't talk about the size of the early involvement projects, mainly because we really don't know at this point what the ...